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Changes in Global Wealth 2021

The Big Picture

The data always has some interesting findings about how the very wealthy are investing, consuming, and otherwise spending their time and money. Much of the media focused on a silly number – a forecast of the number of global millionaires by 2026 at >87 million from 62 million in 2021 – a gain of ~40%.

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: PPG Industries is targeting adjusted EPS growth of 8% to 12% a year through 2026

MarketWatch

PPG said Wednesday it is targeting annual adjusted per-share earnings growth of 8% to 12% through 2026, one of several goals the paint company outlined ahead of an investor day. based PPG is targeting free cash flow of about $1 billion a year through 2026 and aims to achieve annual organic sales growth of 2% to 4%. Pittsburgh, Pa.-based

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Top clicks this week on Abnormal Returns

Abnormal Returns

1, 2026 and becomes a big problem for reactive RIAs who fail to help clients take action now." riabiz.com) There's nothing magical about dividend investing. (herbgreenberg.substack.com) Steve Lockshin, "The dream becomes a nightmare for millions of high-net-worth investors on Jan. rogersplanning.blogspot.com)

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Adviser links: a fundamental misalignment

Abnormal Returns

kitces.com) David Armstrong talks with Larry Swedroe of Buckingham Strategic Wealth about how he talks with advisers about investing topics. citywire.com) Dynasty Financial Partners has formed Dynasty Investment Bank to provide services related to mergers and acquisitions in wealth management. about building 'financial empathy.'

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: Lithium Americas stock rises on GM’s $650 million equity investment

MarketWatch

GM agreed to invest $650 million in the company to help develop Nevada’s Thacker Pass mine, the largest known lithium source in the U.S. Thacker Pass is scheduled to go into operation in the second half of 2026, the companies said. Lithium Americas Corp. LAC stock was up 9.2% Visit MarketWatch.com for more information on this news.

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10 Friday AM Reads

The Big Picture

The Waterline, which will become the tallest building in all of Texas, at 74 stories, when it opens in 2026, and a mammoth 1.1 The Trusted 60-40 Investing Strategy Just Had Its Worst Year in Generations Source: Wall Street Journal Sign up for our reads-only mailing list here. million-square-foot complex on the city’s outskirts.

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Weekend Reading For Financial Planners (Sept 3-4)

Nerd's Eye View

From there, we have several articles on investments: How Morningstar plans to simplify its rating system amid continued concerns about its effectiveness. A study suggests that some fund companies are misleading investors by changing their benchmark indices to make their performance look better.